Tag: US home market

Home prices have risen by 42% since 2020, with interest rates and borrowing costs jumping as well. As a result, homebuyers need to earn 80% more than they did in 2020 in order to comfortably afford housing, a new Zillow analysis found. With median...

The National Association of Realtors announced a settlement with groups of home sellers, in which the realtor association agreed to end antitrust lawsuits through a settlement involving the payment of $418 million in damages and the elimination of rules stipulating a 6% realtors' commission...

A study by real estate brokerage Redfin found that U.S. homeowners are remaining in their existing homes for longer than they did 20 years ago. On average, homeowners were found to be staying in their homes for almost 12 years, up from an average...

U.S. single-family homebuilding fell by 4.7% to a seasonally adjusted rate of 1.004 million units in January the U.S. Commerce Department's Census Bureau confirmed. This comes amid extreme cold weather conditions, which are suspected to be a main driver in suspending the start of new...

Data from the National Association of Realtors (NAR) revealed that existing home sales fell to 4.09 million in 2023; the slowest rate in 30 years and 19% lower than 2022. The NAR insisted that market conditions weren't as bad in the early 1990s when...

U.S. homebuilder confidence rose in December, the National Association of Homebuilders/Wells Fargo Index showed, as easing interest rates appear to contribute to improved sale conditions. According to the index, builder confidence rose to 37 in December from 34 in November, thereby exceeding analysts' expectations...